Raymond Q4 Net Results: This is Raymond's 11th consecutive quarter of consistent growth.
Raymond Q4 Results: Revenue for January-March 2024 grew 23 per cent to Rs 2,688 crore compared to Rs 2,192 crore in the year-ago period.
Raymond on Friday reported an 18 per cent increase in consolidated net profit to Rs 229 crore for the fourth quarter ended March 2024. The revenue for January-March 2024 was Rs 2,688 crore, up 23% from Rs 2,192 crore in the previous year. -The entire period.
Its net profit in the corresponding quarter last year stood at Rs 194 crore, according to the regulator.
The Raymond board also announced a dividend of 100%, i.e. Rs 10 per share, for the financial year 2023-24.
“The Board of Directors, subject to its approval, has recommended payment of 100% dividend on the share capital for the financial year ended March 31, 2024. That is, Rs 10 per share of face value of Rs 10 (ten rupees). This is a picture of shareholders who attended the 99th regular shareholders' meeting. If approved by shareholders, the dividend will be paid no later than June 26, 2024,” Raymond said in the filing.
In the fourth quarter of fiscal '24, Raymond achieved record performance in both revenue and profitability, marking its 11th consecutive quarter of sustained growth.
Sales for the quarter increased 23% year-on-year to 2,688 million rupees, while EBITDA hit a record high of 516 million rupees and EBITDA margin was 19.2%.